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KC · Nasdaq · United States · Services-Prepackaged Software
In shortKingsoft Cloud Holdings Ltd is loss-making, generates cash and carries moderate debt, with revenue growing (+22.8% last year).
Financial health
Weak
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | -8.1% | 0/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | -9.8% | 0/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | -12.9% | 0/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | -4.9% | 0/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 1.17× | 31/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 0.68× | 73/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | 0.21× | 100/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | -1.55× | 0/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | -1.10 | 0/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 39.8% | 100/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | – | n/a |
| Years with positive free cash flow (last 5) | 3 of 5 | 50/100 |
Weight in the score: 20%
| Profitable years (last 5) | 0 of 5 | 0/100 |
|---|---|---|
| Years of revenue decline (last 5) | 2 of 5 | 33/100 |
| Revenue growth volatility | 21.7% | 31/100 |
| Operating margin volatility | 8.5% | 32/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 5.3% | 46/100 |
|---|---|---|
| EPS growth, 3-year average | – | n/a |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
3 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
CNY millions; negative values in parentheses.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 9,061 | 8,180 | 7,047 | 7,785 | 9,559 |
| Cost of revenue | 8,709 | 7,751 | 6,197 | 6,444 | 8,055 |
| Gross profit | 351 | 430 | 850 | 1,341 | 1,503 |
| Research & development | 1,044 | 971 | 785 | 846 | 810 |
| Operating income | (1,812) | (2,251) | (2,109) | (1,739) | (773) |
| Interest expense | 52 | 138 | 146 | 230 | 498 |
| Pre-tax income | (1,576) | (2,664) | (2,166) | (1,981) | (948) |
| Income tax | 16 | 24 | 18 | (1.5) | (4.2) |
| Net income | (1,589) | (2,658) | (2,176) | (1,967) | (936) |
| Diluted EPS | −¥0.46 | −¥0.73 | −¥0.61 | −¥0.54 | −¥0.23 |
| Diluted shares (millions) | 3,442 | 3,624 | 3,558 | 3,658 | 4,107 |
3 older years available with the 10-year history. Essential plan, from €8.25/month →
−1.10 Distress zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
4/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Dec 31, 2025 · Data updated Apr 23, 2026